Capri Delivers Tepid Q4 Results, Prepares to Refocus on Michael Kors, Jimmy Choo
Capri Holdings (NYSE:CPRI) delivered its fiscal 2025 fourth-quarter results on May 28, reporting revenue down 15% year over year to $1.0 billion and an operating loss of $33 million. The company, which in April announced a deal to sell its Versace unit to Prada, said it is pivoting to a renewed focus on the Michael Kors and Jimmy Choo brands as it targets revenue stabilization, significant cost reductions, and margin recovery.Proceeds from the Versace sale have been earmarked to cut Capri's debt to minimal levels, marking a significant shift from its current net debt of approximately $1.3 billion and leverage ratio of 3.2 net-debt-to-adjusted-EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent).-- John Idol, Chairman and Chief Executive OfficerContinue reading
Capri Holdings (NYSE:CPRI) delivered its fiscal 2025 fourth-quarter results on May 28, reporting revenue down 15% year over year to $1.0 billion and an operating loss of $33 million. The company, which in April announced a deal to sell its Versace unit to Prada, said it is pivoting to a renewed focus on the Michael Kors and Jimmy Choo brands as it targets revenue stabilization, significant cost reductions, and margin recovery.
Proceeds from the Versace sale have been earmarked to cut Capri's debt to minimal levels, marking a significant shift from its current net debt of approximately $1.3 billion and leverage ratio of 3.2 net-debt-to-adjusted-EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent).
-- John Idol, Chairman and Chief Executive Officer
